Manage to sit down and do a quick read on the circular regarding the acquisition of Westgate.   One of the key variable provided is the gearing dependency on Debt funding ranging at 70%, 85% and 100%. Gearing shifts from 31.5% to 34%, 35% and 36% respectively. What is more interesting is the DPU gains which increase from 11.16 cents to 11.18, 11.25 and 11.33. So the most will be 1.5% increase in DPU. Another to know is the interest rates used to compute the above is 3.25% for the additional debts. For a 3.5% it will be about 0.2% impact to DPU.   The main impact is the gearing if is total debt funded. I would think they may maximize private placement first to mitigates gearing to the point where DPU gains from existing operations do not cause reduction in dpu level. ......